Sunshine Coast, Moreton Bay commit to defence industry Moreton Bay region industry representatives have signed up to an agreement on sovereign defence priorities. An industry-led communique was signed at a Sunshine Coast event last month, led by representatives from Regional Development Australia Moreton Bay and Sunshine Coast (RDAMBSC), Australian Industry and Defence Network, Manufacturing Excellence…
Prime minister Anthony Albanese has committed $24 million to help modernise the historic Boyer Paper Mill, north-west of Hobart, the nation’s last producer of newsprint and communication paper. A statement from the Australian Forest Products Association describes the assistance as helping the mill transition its boiler infrastructure power “from coal to electricity along with other…
A new quantum research initiative led by the Defence Science and Technology Group aims to protect Australian military operations when GPS is compromised, according to a statement released by Defence on Monday. The project, funded by the Australian Army, will focus on developing a ground-to-satellite optical quantum link to enable secure and precise time synchronisation…
Reproductive technology company Memphasys came out of a trading halt on Monday morning, telling investors that it has received binding commitments to raise $1.275 million through a strategic placement. In a statement to the ASX, Memphasys said the commitments were from new and existing shareholders, amounting to 212,500,000 ordinary shares at $0.006 per share. Participants…
Australian medicinal cannabis producer ECS Botanics is taking its expansion plans global after securing a significant funding boost from one of Australia’s biggest banks. The Victorian-based cultivator announced on Monday it had increased its National Australia Bank loan facility by $2 million to a total of $5.2 million, while also securing an additional $400,000 for…
Heidelberg Materials Australia announced on Monday it has entered into a conditional purchase agreement to acquire Midway Concrete, expanding its presence in the Melbourne and Geelong markets. Midway Concrete operates four plants in Laverton, Craigieburn, Melton and Lara, and has built a reputation for quality products and customer service over its 23-year history. Phil Schacht,…
Solar and hydro thermal energy startup RayGen Resources has announced the close of a Series D funding round worth $127 million, led by a follow-on investment from US oil and gas services company SLB. In a statement on Thursday, the company said the $31 million investment from SLB was in addition with the execution of…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Fonterra plans $1.7m refurbishment of Tasmanian cheese tower Global dairy company Fonterra has plans to upgrade the cheddaring tower, as its Wynyard, Tasmania cheese factory. It lodged a development application to refurbish and remediate the tower, boosting its height to 21 metres,…
@AuManufacturing/the Australian Manufacturing Forum have teamed up with a small group of trusted partners to provide help to those wishing to sell their business. We have been approached by investors keen to acquire Australian manufacturing companies. If you’re considering an exit, we’re able to arrange a confidential, no-obligation discussion with our partners. Get in contact…
HEO shares progress on Holmes Mk2 space camera Space business HEO has shared that work is well underway for its first Holmes Mk2 flight model camera, with the team undertaking “the finishing touches and prepar[ing] for the final phase of testing. In an update on Linkedin, HEO said its smallest non-Earth imaging camera, “provides a…